Budapest Stock Exchange turnover plummets in January-July

Double-counted share turnover on the Budapest Stock Exchange (BSE) was a meagre HUF 252bn in July, down 28.4pc from June and less than half of the turnover in July 2011, the BSE said, citing data compiled from brokers.

Turnover in January-July came to HUF 2,994bn, down 32.1pc from the same period a year earlier.

Total spot market turnover in July – including investment fund units, compensation coupons, certificates, government securities, corporate bonds and mortgage bonds – came to HUF 265bn, down 27.4pc from June.

Concorde Securities generated the most turnover in July, brokering deals worth HUF 37.7bn, followed by Erste Investment with HUF 36.9bn and Equilor Investment with HUF 25.2bn.

On the derivatives market, turnover of BUX futures fell to HUF 11.2bn from HUF 26.9bn in June. Deals for individual share futures came to HUF 51.1bn, down from HUF 83.8bn a month earlier. Turnover in foreign-currency futures declined to HUF 169.6bn from HUF 201.2bn in June.

Turnover of grain futures was HUF 9.89bn in July, up from HUF 6.25bn in June.